Guideline Value for Manthillaiyamman Koil Street

Manthillaiyamman Koil Street guideline value

The current guideline value of Manthillaiyamman Koil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Karunagaracheri village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Manthillaiyamman Koil Street has changed

Over the years, the guideline value for Manthillaiyamman Koil Street has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. Following that, the 2023 revision brought it back to Rs 100 per sq.ft, maintaining that figure through to the 2024 revision, which also confirmed the value at Rs 100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 100 per sq.ft.

Guideline values in Karunagaracheri

In Karunagaracheri, there are 11 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Manthillaiyamman Koil Street is below this median.

• Narayanapuram: Rs 200 per sq.ft (2024)
• Perumal Koil Street: Rs 200 per sq.ft (2024)
• Sasthapuri: Rs 200 per sq.ft (2024)
• Sree Karunambigai Nagar: Rs 200 per sq.ft (2024)
• Azhagar City: Rs 200 per sq.ft (2024)
• A.S.K.Nagar Phase -II: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Manthillaiyamman Koil Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Manthillaiyamman Koil Street?

The Sub Registrar Office that covers Manthillaiyamman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO here.

How the guideline value is used when you buy or sell in Karunagaracheri

The guideline value plays a crucial role during the registration of property transactions in Karunagaracheri. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Manthillaiyamman Koil Street?

The current guideline value of Manthillaiyamman Koil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024. The register has no figures for the years 2002, 2003, and 2007.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 9,000, based on the current guideline value of Rs 1,00,000.

Which office handles registrations for Manthillaiyamman Koil Street?

The Sriperumpudur Sub Registrar Office handles registrations for Manthillaiyamman Koil Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value determined in Karunagaracheri?

The guideline value in Karunagaracheri is determined by the Registration Department and is based on various factors, including land classification and market conditions. It is revised periodically to reflect changes in the local real estate market.